RE:RE:RE:RE:Closing in on no-brainer territorytbnorthstar wrote: gamer007 wrote: Dr. Bill Pearson, "The brecia pipe is most CERTAINLY driven by a large tin porphyry at depth"
A very bold statement put out by our new VP Exploration...................sounds like he has seen this movie before or I may surmise that they are already in the guts of the system as it only takes a week to get down 700 meters as per Tom's comments last week regarding speed of drilling.........
Only time will tell.................... but a 0.5 percent tin credit would yield 10 lbs per ton at 11 bucks or $110 pe rton contribution to rock value.................something to chew on !
gamer007,
The market has not taken into consideration the potential at Iska, Iska. They see five dollars per share and think it is fully priced (obviously market cap is the key measuring stick and it is low at these levels - but that is just my opinion). Not a ten bagger from here but there is considerable price appreciation on the horizon - if, all goes as planned.
I increased my position today just below $5 a share. Juniors always struggle getting through the psychological $5 mark. There is a lot of metal value at Iska Iska but I have no idea what the market will eventually think its worth. But Im going along for the ride. Are there any other similar type deposits that we can compare value to this one? I will admit that Im out of my element with putting a valuation on this type deposit because I am not familiar with them. ELO with only a 250 to 300 million market cap seems really low to me based on what Im looking at.